Category Archives: Economics on the left

Nationalise Super?

Alan Kohler has cashed in the franchise with a piece in the Australian today advocating that Super be nationalised. Superannuation is the only product where choice and competition are not only completely pointless, they are counter-productive. That’s because choice and … Continue reading

Posted in Budget, Economics on the left, Superannuation | 80 Comments

A modern case study on the evils of socialism

Venezuela is the most important case study on the evils of socialism in the world today which is why you hear so little about it. But this did come up today: Venezuela has a bread shortage. The government has decided … Continue reading

Posted in Economics on the left, Socialism | 50 Comments

The deep state

If you are not spooked by all of this then you are made of tougher stuff than I am. MEDIA AND CIA FALL FOR ‘GOLDEN SHOWER’ HOAX… TAPPER, BLITZER RATTLED… YOU’RE ACTING LIKE NAZIS, TRUMP TELLS SPY CHIEFS… Russian tech … Continue reading

Posted in American politics, Economics on the left, Media | 48 Comments

Keynesian economics refuted eight times over

Who would know this? In fact, every legislator in Congress and the American president would know this, just no one else. But what we do know is that the American recovery has been the worst on record, without a single … Continue reading

Posted in American politics, Classical Economics, Economics on the left | 22 Comments

Did Rod Sims look at his own pictures?

Rod Sims gave a speech last week that has already required one correction: Correction: A previous version of this speech read: ‘…the revenue of Australia’s largest 100 listed companies increased from 15% of GDP in 1993 to 47% of GDP … Continue reading

Posted in Economics and economy, Economics on the left | 7 Comments

Piketty in Melbourne

I went to see Thomas Piketty on Friday night, author of the socialist tract of our time, Capital in the Twenty-First Century. The left has run out of all of the standard criticisms of capitalism, that it will crush the … Continue reading

Posted in Economics and economy, Economics on the left | 20 Comments

Deirdre McCloskey’s defence of the bourgeois virtues

A long interview with Deirdre McCloskey explaining why she wrote three thick books to rescue the productive people and the decent values which have made us prosperous and free from the “often idiotic” abuse from socialists and economic illiterates at … Continue reading

Posted in Cultural Issues, Economics on the left, History, Rafe | 8 Comments

Roundup recycled 20 years on

This is a roundup summary of an article by John O’Sullivan, ‘After Reaganism’, National Review, April 21, 1997. A prescient piece. O’Sullivan takes conservatives to task for being too slow in matching the shifting positions of radicals who have nimbly … Continue reading

Posted in American politics, Cultural Issues, Economics and economy, Economics on the left, Rafe, Rafe's Roundups | 41 Comments

A Milton Friedman sampler

Posted in Classical Economics, Economics on the left | 19 Comments

The triumph of Chairman Mao

Celebrations are planned to honour the achievements of Mao in China after the capture of the mainland by his communist forces in 1949. Concerts are to be held in Sydney and Melbourne town halls to honour Chinese communist leader Mao … Continue reading

Posted in Economics on the left, History, Rafe, Terrorism | 6 Comments